Pak to further cut 5% duty on imports from SAARC countries
11 Jul '06
3 min read
Explaining the applicability of tariff rates notified for India under Safta, officials said that the government had definitely notified reduced tariff rates for Safta applicable from July 1, 2006. But, the concession had to be seen keeping in view the conditions of import policy order by the Ministry of Commerce. The conditionality of import of any item would be decided by the Commerce Ministry.
Secondly, the statutory rate of duty is much higher on the import of these items as specified in Pakistan Customs Tariff (PCT). The tariff rates given in the PCT (2006-2007) are applicable for general imports by any person.
The CBR has notified the concessional rates under the relevant SRO for specific countries. For general import of these items, the rates specified in the PCT would be applicable, officials added.
Sometimes the concessional rates are applicable for a specific sector or industry. In other cases, concession is subject to the fulfilment of certain conditions under the consessional notification.
Therefore, the notification of reduced rates of customs duty on the import of items under the Safta SRO would be allowed following fulfilment of the relevant conditions of their import.
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